Bond of an Employee by any Employer

AGREEMENT

The Articles of Agreement made and executed this 1st day of January 2011.

BETWEEN

Vijay Laxmi Textile Ltd. a company registered under The Companies Act
1956 and having its Registered Office at A204 Murdhanyan Apartment
Ramdevnagar Satellite Ahmadabad Gujarat , by its duly Authorised
registered office at Ahmadabad for the time being Ankur Agrawal aged
about 21 Years, Occupation Software Engineer Service, a Hindu resident of
Jahazpur District Bhilwara Rajasthan hereinafter called or referred to as the
`Company' which expression shall mean and include Vijay Laxmi as
constituted today or as it may stand constituted from time to time, during the
currency of this agreement and/or the period of its operation
……… of the First Part

AND

Mr.Ankur Agrawal Resident Jahazpur Aged 21 Years, Male, Occupation:

Software Engineer hereinafter called and referred to as Mr.Ankur as
Employee as `The Employee' as the context may require or permit

……… of the Second Part

AND WHERE AS Mr. Ankur Agrawal has been working as Engineer in the
Company Software since June 2010

AND WHEREAS the Employer felt it necessary to enter into a service bond
of Three Years (approx or till the successful completion of the Probation
period whichever is later) with effect from the 1 st January 2011 with the
Employee in view of the cost incurred by the Employer in respect of process
of selection, training, induction etc.

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AND WHEREAS the Employee has also agreed and undertaken to enter into
a service-bond for a period of Three Years with the Company from 1 st
January 2011 on the terms and conditions as stated and expressed
hereunder : - NOW THEREFORE THESE PRESENTS WITNESSES AND
IT IS HEREBY MUTUALLY AGREED TO BY AND BETWEEN THE
PARTIES HERETO AS UNDER : -
1. That the Employee agrees to serve with and be employed in this
Company, or concern or associates to which the Employee's services
may be transferred by this Company for a period of Three Years from
01/01/2011 to 31/12/2013 on the terms and subject to the conditions
hereinafter contained.

2. The Company shall pay following salary

initially : Salary brake up Rs 50000 per month
The above amount includes the retention cost of employee and
considering retention cost the above salary is fixed jointly by both the
parties. If the employee completes 3 years period successfully as
decided by the company, then he will be absorbed in a suitable grade
as per Organisation’s rule.

3. If any time, during the Training / Probation Period, the employee does
not show the expected performance or remains absent without prior
permission or misbehaves, his service can be terminated by giving
One Day's Notice or by making payment of one day in lieu of notice

4. That the employee shall be entitled to all the benefits and/or amenities
as may be available to the Employees of class employed in the
Company from time to time during the period of his services with this
Company or with the Company or firm or concern or associates to
which his services may be transferred from time to time.

5. That during the period of his employment, the Employee shall be

bound to observe and abide by all terms and conditions and
stipulations hereinafter contained as also by such other rules and
regulations as may be framed by the Company from time to time to be
observed by or to be applicable to the Employees of his class.

6. That during the period of his employment the Employee shall be

punctual in attendance and diligent in his work and the Employee
shall devote all his working time and the best of his abilities, exclus-

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 ively for the benefit of the Company. The Employee further agrees to
obey all orders of and carry out all duties entrusted to him from time
by his Senior Officers.

7. That it shall be competent to the Company to transfer the services of

the Employee to any other Company or Firm or concern to which the
Management of this Company deem it necessary or fit to transfer and
in the event of such other Company or Firm or Concern and shall be
entitled to the continuity of the services under these presents and shall
be entitled to all the amenities or benefits which may be in force in
such Company, Company or concern to which his services may be
transferred. The Company hereby stipulates that in the event of the
transfer of the Employee to any other Company or Firm or concern as
aforesaid the emoluments to which he is entitled by virtue of these
presents shall not in any way or manner be reduced or allowed to
suffer. All clauses herein shall apply `Mutatis Mutandis' and shall
continue to remain binding on the Employee even in the event of his
transfer to other Company or Firm or Concern, as if his present
agreement was entered into such Company or Firm or Concern.

8. That the Employee hereby agrees and undertakes to safeguard and

hold in trust all notes, notebooks, memorandums, papers, drawings,
sketches, diagrams, formulas, designs, books, letters, lists, CDs,
DVDs, Floppies including those of or pertaining to raw materials,
finished products, goods-in-process, names of suppliers, names of
purchasers, or dealers as also price lists of the Company's product or
of things in which Company may be dealing in, or may be
contemplating to deal in, and all other papers and documents of
whatsoever nature and kind that may have come in possession of the
Employee while in the Employment of the Company and not to
handover the same to any unauthorised person or suffer or permit the
same to be handed over to any unauthorized person and the Employee
hereby undertakes to handover all such papers or things above said to
Senior Officers whenever called upon to do so and the Employee
further agrees not to make copies of or to take extracts from any
papers, documents etc., belonging to Company for any purpose other
than those of the employment in the Company and further agrees not
to carry any such paper, document or copies of extracts outside the
premises of the Company and the Employee further agrees to deliver
up all such papers, documents etc., in his possession to his Senior

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 Officers whenever called upon to do so and it shall not be competent
for the Employee in such an eventuality to withhold any papers or
documents of whatsoever nature on the ground that they relate to his
employment directly or indirectly.

9. That in the event of the Employee making any discovery or invention

relating to the Manufacture, developments or processing of any
product that may have been undertaken to be manufactured by the
Company or to be experimented on, the same be the property of the
Company, and in the event of the Company deciding to apply for any
patent or registered trade mark in connection therewith, the Employee
shall join the Company in all applications to the authorities concerned
for obtaining and getting vested such patent rights and/or trademark
rights in the same to and in favor of the Company exclusively.

10.That the Employees hereby expressly agrees and undertakes that he

shall not at any time during the period of his employment and for a
period of Three Years after the termination of the Employment, for
any reason whatsoever undertake or carry on either long or in
partnership or in collaboration, nor to be employed directly or
indirectly in any capacity whatsoever in the Union of India in any
manufacture which is of the same kind and nature as to business and
manufacturing carries on by this Company or any of its associate
companies or firms or concerns to which his services may be
transferred, or in the manufacture of any products, articles or things
for which this Company or such Other Company or Firm or Concern
to which his services may be transferred or in the manufacture of any
products, articles or things for which this Company or such other
Company or Firm or Concern may have experimented in and/ or have
prepared designs for the manufacture of such products or have made
preparations for the Manufacture of such products irrespective of
whether such products actually been manufactured or not and during
the said period shall not lend his assistance for such manufacture etc.,
in any form or manner whatsoever whether as Consultant or Advisor
or Actual manufacture or as employee or in any other capacity or
manner whatsoever.

11.That the Employee has agreed and hereby agrees and undertakes that
the Employee during the course of his employment with this
Company, with any of its associate Companies or concerns to which

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 his services may be transferred or AT ANY TIME THEREAFTER
divulge, displace or make known or suffer to be made known directly
or indirectly any of the secrets pertaining to the designs, formulas,
processes, specifications or manufacturing details or material
requirements, material used or any of instruments, equipment,
products or articles or things which this Company or any of its
associate companies of Firms or concern may have undertaken to
experiment in or to manufacture fabricate, design or process and
whether the same is actually manufactured, designed, processed,
fabricated or experimented in or not as also not divulge, disclose or
communicate any information regarding the formulas, specifications,
technical or patent information or `Know How' or the use of any
processes materials, instruments, tools or other requirements of the
manufacture of the various products and other things manufactured,
fabricated or processed by the Company or any of the other
Companies or concerns to which the services of the Employee may be
transferred : nor any of the secrets or knowledge or information
regarding the plant facilities, machinery, equipment, Organization,
production lines or production flow as also the method and procedure
of production or of the dealings of the firm, or of the others above
referred to and the employee hereby agrees and undertakes to keep all
such information strictly confidential which may have been
communicated to him in his capacity as `Employee' or during the
course of his duties or the period of his contract and irrespective
whether such information or knowledge came to be acquired by him
as secret or not and not to divulge and/or suffer the same to be
divulged, made known to anyone excepting to a duly authorized
officer of this Company.

12.That if the Employee shall be guilty of any misconduct or commit any

breach of the provision of this agreement or absent him without any
reasonable excuse or become incapable of attending to his duties, it
shall be lawful for the Company immediately to terminate the
Services hereby created.

13.That in the event of the Employee leaving the services of the

Company before the Expiry of the period of the Contract, as also in
the event of the Employee making it obligatory or necessary or
expedient on the part of the Company to terminate his services for any
reason of whatsoever nature and for things mentioned in paragraph

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 (11) and / or (12) above, the employee shall be liable to pay and shall
pay to the Company or to any of the Companies or concerns to which
his services may be transferred as sum equivalent to three Months
(Basic) present salary by way of agreed liquidated damages and the
Employee agrees to pay the same without any proof of actual damages
suffered by the Company or by the other Companies or concerns
concerned to which his services may have been transferred, being
required to be produced and such payments shall always be
independent of and not in lieu of any other compensation or damages
that the Employees may have rendered herself liable to pay to
Company or any of the Companies or concerns as above said, by
reason of his having committed breach of any of the conditions herein
before contained by reason of his having caused any damages or
injury to the Camping or concern to which his services might have
been transferred, by his conduct or omissions while in employment,
the Employee, further agrees that, the Company shall have lien on all
amounts due to the Employees from the Company in respect of the
damages aforesaid and the Company shall be entitled to exercise the
same and to set the said amounts off against such damages without
reference to the Employee.

14.That in the event of the Company desiring to terminate the services of

the Employee at any time during the currency of this agreement
without assigning any reason for such termination, the Company shall
be entitled to do so by paying the Employee, a sum equivalent to One
Month's (Basic) Present Salary than being drawn by him in addition to
whatever may be due and payable to him in lieu of his leave earned,
but not enjoyed and other accumulated benefits if any; however in the
event of his services being terminated by the Firm at any time when
the unexpired period of the contract is less than six months, the
employee shall be entitled to the payment of salary of unexpired
period only. In case of misconduct of misbehavior of an employee, the
services of the employee can be terminated without notice or notice
pay as stated hereinabove.

15.That in the event of his leaving the services of the Company at any
time during the Currency of this Agreement he will have to give One
month's notice to the Company or One Month's (Basic) Present salary
in lieu of notice, to the Company. This is in addition to damages
provided under clause No. 13 above.

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 16.In the event of dispute regarding the terms and conditions and
interpretations of the above clauses, the same shall be referred to the
Arbitrator under Arbitration & Conciliation Act 1966

IN WITNESS where of the Company has set the signature of its authorized
Vice President - Operations hereto in the presence of and the Employee has
get his signature in his own hand hereunto on the 1st Day of January 2011

Signature of Designated person Signature of Employee

For Vijay Laxmi Textile Ltd. Ankur Agrawal

WITNESSES: WITNESSES:

1 C.S jain 1 J.C Trivedi…………

2 Hasmukh Seth 2 Ankita Sethi